In 2024, a second earnings ceiling was introduced, the Year’s Additional Maximum Pensionable Earnings (YAMPE). The YAMPE is used to determine second additional Canada Pension Plan contributions (CPP2) ...

1:58 CRA saw thousands of bare trust tax forms filed despite last-minute pause The Canada Revenue Agency is getting out ahead of the confusion stoked by an eleventh-hour reversal on bare trust tax ...

The Canada Revenue Agency says it will not require bare trusts to adhere to updated tax-reporting rules for the 2024 tax year, as taxpayers and accountants await final amendments to a much ...

Imposters used the company's confidential credentials to get unauthorized access into hundreds of Canadians' personal CRA accounts, change direct deposit information, submit false returns and ...

The Canada Revenue Agency (CRA) paid over $6 million in fraudulent tax refunds this year after hackers apparently used stolen credentials from H&R Block Canada. Fraudsters accessed personal CRA ...

UPDATE: Amesse informed CBC on Oct. 28, 2024, that CRA has now settled the matter in his favour and removed the $5,600 reassessment plus interest. He said he is "grateful that this is now ...

First home savings account (FHSA) deduction Another less-known CRA tax break you can claim is the First Home Savings Account (FHSA) deduction. This is similar to the RRSP contribution deduction.

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later All designated educational institutions (DEI) in Canada will be required to file the new information ...